About This Deal

AdaptHealth Corp. acquired Spiro Health Services, LLC for $66.1 million cash plus 244,641 shares of Class A common stock, and potential contingent consideration of up to $1.0 million, a transaction completed in April 2021, structured as combination (cash and stock).

Spiro Health Services, LLC operates in Home medical equipment, is based in United States. Spiro was a provider of home medical equipment and supplies.

Part of AdaptHealth's roll-up strategy consolidating regional home medical equipment and direct-to-patient supply providers; consideration and terms disclosed in AdaptHealth's FY2021 Form 10-K, Note 3 Acquisitions.

Deal Terms

Acquirer
AdaptHealth Corp.
Target
Spiro Health Services, LLC
Value
$66.1 million cash plus 244,641 shares of Class A common stock, and potential contingent consideration of up to $1.0 million
Date
April 2021
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
United States
Segment
Home medical equipment
Structure
Combination (cash and stock)
Closed
April 30, 2021

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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